GuShiio.com ① The U.S. personal consumption expenditure report will be released next Friday, including the Federal Reserve’s favorite PCE price data;
② Nvidia is scheduled to announce its quarterly results next Wednesday, U.S. Eastern Time (early morning next Thursday, Beijing time).
Cailian News, February 23 (Editor Zhao Hao)This week, the S & P 500 index hit highs in the first two trading days, but plunged sharply in the last two trading days. On Friday, all three major indexes fell more than 1%, while the Nasdaq index fell 2%.
Analysts believe that a series of data in the United States have triggered people’s concerns about the economy, echoing the negative performance outlook released by retail giant Wal-Mart on Thursday. At the same time, the U.S. government is formulating a series of tariff policies. These factors together have impacted the stock market.
Looking forward to next week, in terms of data, there will be a revised U.S. real GDP report for the fourth quarter of 2024 next Thursday, and there will be a U.S. personal consumption expenditure report next Friday, including the Federal Reserve’s favorite PCE price data.
Currently, the market expects the U.S. PCE price index to slow down by 0.1 percentage points to 2.5% in January, and the core PCE to slow down by 0.2 percentage points to 2.6%, both of which are still some way away from the central bank’s 2% target. The latest minutes of the Federal Reserve meeting show that officials tend to keep interest rates unchanged.
Ron Temple, chief market strategist at investment bank Lazard, said,”The market predicts that the Fed will cut interest rates by 38 basis points before the end of the year, but I think it is zero.” He mentioned that Trump’s policies and campaign promises can lead to inflation, such as tariffs and immigration enforcement policies.
In addition, the game between the United States, Europe, Russia and Ukraine has become the focus of the market in the near future. It is reported that Ukraine has obtained the text of a new version of the mineral resources agreement proposed by the United States. An expert group from the Ukrainian government will be launched next week to reach a mineral agreement with the United States in exchange for US support.
In terms of financial reports, Nvidia is scheduled to announce its quarterly results next Wednesday (early morning next Thursday, Beijing time). As one of the most important stocks in the U.S., its stock price performance is closely linked to artificial intelligence trading trends. After the DeepSeek shock, investors worried that earnings reports could spark market turmoil.
“When Nvidia holds a conference call next week, things may be difficult because there is some concern about whether Nvidia can get back to the top,” said Mike Smith, an executive at U.S. asset manager Allspring. Smith said he was ready for a violent reaction in U.S. stocks.
Overview of important overseas economic events next week (Beijing time):
Monday (February 24): Germany’s February IFO business sentiment index, euro zone’s January CPI annual rate final, US February Dallas Fed business activity index, Bank of England organized a meeting on the future of the central bank’s balance sheet
Tuesday (February 25): Germany’s final fourth-quarter unseasonally-adjusted annual rate of GDP, U.S. December FHFA house price index monthly rate, U.S. December S P/CS unseasonally-adjusted annual rate of house price index in 20 major cities, U.S. February Consultative Conference Consumer Confidence Index, U.S. February Richmond Fed Manufacturing Index
Wednesday (February 26): Federal Reserve Governor Barr delivered a speech, Richmond Fed Chairman Balkin delivered a speech on inflation, Australia’s January weighted CPI annual rate, US January annualized total new home sales, US to February 21 EIA crude oil inventories and G20 finance ministers and central bank governors meetings were held during the week
Thursday (February 27): Atlanta Fed President Bostic delivered a speech on the economic outlook and the property market, Germany’s February adjusted unemployment figures, the European Central Bank announced the minutes of the January monetary policy meeting, the United States to February 22, the number of jobless claims for the beginning of the week,U.S. fourth quarter real GDP revised annualized quarterly rate, monthly rate of U.S. durable goods orders in January, monthly rate of U.S. existing home contract sales index in January
Friday (February 28): Philadelphia Fed President Huck delivered a speech on the economic outlook,U.S. core PCE price index annual rate in January, US February Chicago PMI
Saturday (March 1): Chicago Fed President Goolsbee delivers a speech
